Recently, Xiao Xieyi launched on the WeChat platform as an app. The service is designed to let WeChat users create contracts between each other. A unique user ID is assigned to each person, and blockchain technology is used to run the entire service. It's an incredibly useful feature that many…
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99Crypto
The National Bank of Ukraine Addresses Cryptocurrency
In August 2017, the National Bank of Ukraine made an official statement on cryptocurrencies. Ukraine's central bank pointed out that only the country's official currency could be used for payments. Then the bank mulled creating a digital version of Ukraine's official currency, the hryvnia, in January 2018. Like most countries,…
Increasingly More Companies Are Using Blockchain Technologies
Blockchain technologies continue to grow and expand with each passing day. More and more companies have started to trial blockchain-related projects. In fact, BBVA recently issued a loan through blockchain. The technology, in that instance, slashed processing times down to hours, which is unheard of in the banking industry. Now…
Cryptocurrency-tracking Firm CMC Removes Bitcoin from its Website
CoinMarketCap, also known as CMC, is one of the leading cryptocurrency price-tracking websites, and it recently removed the Bitcoin.com website from its page dedicated to Bitcoin, or BTC. While the move came without an official announcement from CMC, it was apparently done in response to allegations that the site…
Buffet continues his crusade against cryptocurrency. Here's what he said
The unflattering commentary on cryptocurrencies routinely offered by Berkshire Hathaway CEO Warren Buffet continued apace at the company's May 5 annual meeting. According to CNBC reporting, Buffet reiterated his position that cryptocurrenices are destined for what he termed a "bad ending," and used "rat poison squared"…
A large cryptocurrency account was closed in 2017. Here's why
Nordea Bank closed the account of Bitmynt AS toward the end of 2017. Bitmynt AS is a Norwegian-based cryptocurrency exchange with a fairly large user base. In December 2017, its founder, Sturle Sunde, sued Nordea Bank for the illegal closure of its account. Months went by as the case developed,…